# 119-hr-7138: Stop Wall Street Landlords Act of 2026

119-hr-7138, Stop Wall Street Landlords Act of 2026, is a 119th Congress bill sponsored by Rep. Khanna, Ro [D-CA-17] (D-CA); status introduced; PRIA reads it as touching household money (as of 2026-08-05).

- Canonical: https://policyrisk.com/legislation/119-hr-7138
- As of: 2026-08-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7138
- Congress: 119
- Title: Stop Wall Street Landlords Act of 2026
- Status: introduced
- Introduced: 2026-01-16
- Sponsor: Rep. Khanna, Ro [D-CA-17] (D-CA)
- Cosponsors: 17
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-08-05

## Summary

**Blocking big investors from buying and profiting on single-family homes.** This bill would deter large, corporate ownership and transfers of 1-to-4 unit homes by denying key tax benefits, charging a steep transfer tax, and cutting off certain federal mortgage support for those investors. - Families and very low-income renters would get new funding. Penalties from the law would be deposited into the federal Housing Trust Fund to increase and preserve rental housing for extremely low- and very low-income families, including homeless families. - Large investors would face new tax hits. Investors with more than $100 million in net assets would lose mortgage interest and depreciation deductions on single-family homes and pay a transfer tax equal to the sale price. The rules exclude principal residences owned by individuals and homes the taxpayer substantially built or rehabilitated, and they do not apply to federally-assisted buildings. - The mortgage finance rules would tighten. Fannie Mae, Freddie Mac, and Ginnie Mae would be barred from newly buying, guaranteeing, lending on, or securitizing mortgages where the mortgagee qualifies as a specified large investor.

## Cosponsors (17)

- Rep. Watson Coleman, Bonnie [D-NJ-12] (D-NJ), 2026-01-16T00:00:00.000Z
- Rep. Deluzio, Christopher R. [D-PA-17] (D-PA), 2026-01-16T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2026-01-16T00:00:00.000Z
- Rep. Jackson, Jonathan L. [D-IL-1] (D-IL), 2026-01-16T00:00:00.000Z
- Rep. Simon, Lateefah [D-CA-12] (D-CA), 2026-01-16T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2026-01-16T00:00:00.000Z
- Rep. Frost, Maxwell [D-FL-10] (D-FL), 2026-01-16T00:00:00.000Z
- Rep. Tlaib, Rashida [D-MI-12] (D-MI), 2026-01-16T00:00:00.000Z
- Rep. Tokuda, Jill N. [D-HI-2] (D-HI), 2026-01-16T00:00:00.000Z
- Rep. Lee, Summer L. [D-PA-12] (D-PA), 2026-01-16T00:00:00.000Z
- Rep. Kelly, Robin L. [D-IL-2] (D-IL), 2026-01-16T00:00:00.000Z
- Rep. Cherfilus-McCormick, Sheila [D-FL-20] (D-FL), 2026-01-16T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-01-16T00:00:00.000Z
- Rep. Vasquez, Gabe [D-NM-2] (D-NM), 2026-01-27T00:00:00.000Z
- Rep. Grijalva, Adelita S. [D-AZ-7] (D-AZ), 2026-02-04T00:00:00.000Z
- Rep. Ansari, Yassamin [D-AZ-3] (D-AZ), 2026-07-22T00:00:00.000Z
- Rep. Casar, Greg [D-TX-35] (D-TX), 2026-08-03T00:00:00.000Z

## Provisions PRIA read

- Penalty money for affordable housing: benefit, low. This bill would require penalties collected under the new transfer tax to be deposited into the federal Housing Trust Fund. That money would be used, subject to advance appropriations by Congress, to increase and preserve rental housing affordable to extremely low- and very low-income families, inc…
- Higher taxes on big landlords: cost, high. This bill would block large investors from taking common tax deductions for 1–4 unit U.S. homes they own. A "specified large investor" is anyone whose assets minus debts exceed $100,000,000 at any time in the tax year, with rules that treat controlled groups as one person. It would also impose a on…
- Agencies barred from buying investor loans: mixed, medium. This bill would direct the FHFA Director to stop Fannie Mae and Freddie Mac from newly buying, lending on, or securitizing mortgages when the lender is a specified large investor. It would also amend law to bar Ginnie Mae from newly guaranteeing or acquiring mortgage-backed pools or mortgages where…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025
- 119-hr-5390: FAMILY Act

## Sources
- [119-hr-7138 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7138)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [119-hr-5390: FAMILY Act](https://policyrisk.com/legislation/119-hr-5390)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7138 (as of 2026-08-05).